According to a research report published by Yamato, SK Hynix suspended and abandoned its US NAND flash memory subsidiary Solidigm's initial public offering plan and pre-IPO financing process in the US. The bank believes that since the IPO raised investors' concerns about the company's dilution and repeated listing, the cancellation of the IPO was a positive catalyst for SK Hynix's stock price. The bank maintains SK Hynix Korea's “buy” rating and target price of 3 million won. It is expected that the company will announce additional shareholder return plans on October 28 on the third quarter conference call, which may include share repurchases and special quarterly dividends for additional ADR listings.

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